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Property profile

281 Lateral C Rd Wapato, WA 98951

OFF-MARKET
Land
58.59 ac lot

Property summary

AI-generated overview

This exceptional investment opportunity encompasses 58.59 deeded acres of prime agricultural land in Wapato, Washington, within Yakima County. The property, identified by APN numbers 181101-22001, 181101-23406, and 181101-23404, is zoned AG and situated on the Yakama Nation Reservation. Ownership is fee simple, allowing for traditional deed transfer. The orchard, cultivated for decades, boasts 51.24 acres of planted cropland, including 37.17 acres of apple trees (Red Delicious, Golden Delicious, Gala, Granny Smith, and Cosmic Crisp varieties) and 14.07 acres of Bartlett pear trees. Fruit is sold via yearly contracts to local processors and packing sheds. Irrigation is secured through surface water rights from the Wapato Irrigation Project (WIP), with 55.60 acres designated as irrigable, and a 2024 assessment of $4,961.18. These water allocations are not subject to Reclamation Reform Act limitations. The property includes a single-family residence, a substantial shop, and various agricultural buildings on a separate parcel. The orchard (asking $875,000) and the residential parcel (asking $475,000) are offered together for a combined asking price of $1,350,000. The residential parcel is only available for purchase with the orchard. 2024 property taxes total $4,894.56. The remaining 7.35 acres comprise out-ground, roads, and other areas.

Property profile

Verified
Property type Land
Lot 58.59 ac (2,552,180 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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